American Airlines raises forecast for key revenue metric

[July 12, 2017]  (Reuters) - American Airlines Group Inc on Wednesday raised its forecast for a closely watched performance metric for the second quarter ending June, citing higher average fares.

A passenger arrives to check in for an American Airlines filght at O'Hare International Airport in Chicago, Illinois, U.S.October 28, 2016. REUTERS/Jim Young

The No.1 U.S. airline said it now expects unit revenue - which compares sales to flight capacity - to increase about 5 percent to 6 percent in the quarter, compared with its earlier forecast of a rise of 3.5 percent to 5.5 percent.

American Airlines also raised lower end of its forecast for quarterly pre-tax margin, excluding certain items, to 13 percent to 14 percent, from 12 percent to 14 percent.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

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